Beacon Point Phase 2 lease agreement
Company: Hut 8 - Project: Beacon Point
The claim, verbatim
Hut 8 executed a second 15-year lease at Beacon Point data center for $9.8 billion covering 352 MW of IT capacity
Source (primary)
AI Infrastructure Stock Hut 8 (TSX: HUT) Makes TSX Top Gainer List as Investors Continue Bet on Beacon Point Data Center - Investorideas.com (-, news_article)
View cached copy (2026-09-12)Live source ↗
Quote: “a second 15-year, $9.8 billion lease (the "Agreement") for 352 megawatts (MW) of IT capacity”
How we checked this
Checked on September 20, 2026. The cited source supports every part of this claim.
The document states a second 15-year, $9.8 billion lease for 352 MW of IT capacity at Beacon Point.
Confirmed in the source:
- Hut 8 executed a second 15-year lease at Beacon Point
- The lease is valued at $9.8 billion
- The lease covers 352 MW of IT capacity
What we did: Read our cached copy of the publisher (https://www.investorideas.com/news/2026/technology/09111-hut-8-tsx-top-gainer-beacon-point.asp) in full (10,868 characters, retrieved September 12, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms AI Infrastructure Stock Hut 8 (TSX: HUT) Makes TSX Top Gainer List as Investors Continue Bet on Beacon Point Data Center - Investorideas.com
Quote: “a second 15-year, $9.8 billion lease (the "Agreement") for 352 megawatts (MW) of IT capacity”